II 

118TH CONGRESS 

2D SESSION S. 5148 

To amend the Internal Revenue Code of 1986 to allow certain family 

caregivers to contribute to a Roth IRA. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 24, 2024 

Ms. COLLINS (for herself and Mr. WARNER) introduced the following bill; 

which was read twice and referred to the Committee on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to allow 

certain family caregivers to contribute to a Roth IRA. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Improving Retirement 

5 Security for Family Caregivers Act of 2024’’. 

6 SEC. 2. ROTH IRA CONTRIBUTIONS FOR CERTAIN FAMILY 

7 CAREGIVERS. 

8 (a) IN GENERAL.—Subsection (c) of section 408A of 

9 the Internal Revenue Code of 1986 is amended by adding 

10 at the end the following new paragraph: 


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•S 5148 IS

1 ‘‘(7) SPECIAL RULE FOR ROTH IRA CONTRIBU2 TIONS OF QUALIFIED FAMILY CAREGIVERS.— 

3 ‘‘(A) IN GENERAL.—In the case of an indi4 vidual who is a qualified family caregiver as of 

5 the close of the taxable year, in applying section 

6 219 for purposes of paragraph (2), the limita7 tion of paragraph (1) of section 219(b) shall be 

8 equal to the dollar amount in effect under sec9 tion 219(b)(1)(A) for the taxable year. 

10 ‘‘(B) QUALIFIED FAMILY CAREGIVER.— 

11 For purposes of this paragraph— 

12 ‘‘(i) IN GENERAL.—The term ‘quali13 fied family caregiver’ means an individual 

14 who, during the taxable year— 

15 ‘‘(I) has completed 500 or more 

16 hours as a family caregiver, and 

17 ‘‘(II) has completed fewer than 

18 500 hours of paid employment (in19 cluding self-employment). 

20 ‘‘(ii) FAMILY CAREGIVER.—The term 

21 ‘family caregiver’ means an unpaid family 

22 member, a foster parent, or another un23 paid adult, who is unemployed or severely 

24 underemployed (as determined by the Sec25 retary) and who provides in-home care, 


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•S 5148 IS

1 monitoring, management, supervision, or 

2 treatment of— 

3 ‘‘(I) a child, or 

4 ‘‘(II) an adult with a special need 

5 (as defined in section 2901 of the 

6 Public Health Service Act), including 

7 an elderly adult who requires care or 

8 supervision due to an age-related con9 dition. 

10 ‘‘(iii) HOURS.—An individual shall be 

11 treated as serving as a family caregiver 

12 during the hours in which the individual is 

13 engaged in caregiving tasks including as14 sistance with bathing or grooming, dress15 ing, laundry, food shopping or preparation, 

16 housekeeping, managing medications, 

17 transportation, and mobility assistance. 

18 ‘‘(C) COORDINATION WITH SPOUSAL IRA.— 

19 In the case of an individual to whom section 

20 219(c)(1) applies for the taxable year, subpara21 graph (A) shall be applied notwithstanding such 

22 section.’’. 


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•S 5148 IS

1 (b) EFFECTIVE DATE.—The amendment made by 

2 this section shall apply to taxable years beginning after 

3 December 31, 2024. 

Æ 


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